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![Lefroy Exploration Ltd](https://investingnews.com/media-library/lefroy-exploration-ltd.png?id=30395294&width=1200&height=800)
Lefroy Confirms High-Grade 15kt Resource At Goodyear
Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Company”) is pleased to advise that independent global consultancy, CSA Global, have completed a review of the Mineral Resource estimate (MRE) in accordance with the JORC Code (2012) for its Goodyear Nickel Deposit (Goodyear) in Western Australia.
HIGHLIGHTS
- Total Inferred Mineral Resource at the Goodyear Nickel Deposit confirmed at 392,000 t @ 3.78% Ni, reported and classified in accordance with JORC Code 2012
- Mineral Resource remains open down plunge with drilling planned to infill and extend the current limits of mineralisation
- Lefroy controls 30km of ultramafic basal contact within the Carnilya dome which is lightly explored and considered highly prospective for additional Ni sulphide discoveries
Goodyear now reports as 392,000 tonnes @ 3.78% Ni for 14,780t of contained nickel sulphide at a 1% nickel cut- off grade (Table 1). The review confirms the original Mineral Resource, reported in 2008 by Australian Mines Limited, in accordance with the JORC Code 2004 Edition.
LEFROY MANAGING DIRECTOR WADE JOHNSON COMMENTED:
“The seamless conversion of the Goodyear Nickel Deposit to JORC Code 2012 standards is an exciting development for Lefroy and our nickel-focused subsidiary, Hampton Metals Ltd.
The Goodyear Mineral Resource presents a unique opportunity, being on freehold title with a 15-year ownership history of gold majors and adjoining our commanding Lefroy Gold Project.
We now hold 30km of strike length of a key ultramafic unit, considered to be one of the most prospective geological settings for nickel sulphide discoveries, within what is one of the few unexplored parcels of land remaining in the Kalgoorlie-Kambalda region.
“With Hampton’s aim to be a key player in what is shaping up to be a new era of nickel exploration and production in the Kambalda district, we couldn’t be off to a better start.”
Figure 1 Overview of the commanding Lefroy Gold Project showing its proximity to Kalgoorlie and Kambalda and the region’s gold and nickel occurrences against a backdrop of the regional geology
Goodyear lies the western boundary of Location 45 (Figure 1) which is a mineral freehold title situated within LEX’s 635km2 greater Lefroy Gold Project (LGP). The LGP is strategically positioned in the well-endowed Kalgoorlie Terrane, surrounded by the infrastructure of multiple other operating gold and nickel mines within the prolific Kalgoorlie-Kambalda mining district (Figure 1).
Goodyear is held by the Company’s wholly owned nickel focused subsidiary Hampton Metals Ltd (Hampton or HMT), led by Managing Director Graeme Gribbin. Graeme is a highly credentialed geologist with over 25 years’ experience in the resources sector with global expertise in nickel and base metals, including 8 years’ as General Exploration at Western Areas Limited (recently acquired by IGO Limited) and 6 years’ base metals experience at Vale as Exploration Manager. Graeme is supported by a proficient team of geologists and field staff with a proven track record for exploration success, including recently appointed, Jon Mcloughlin as Exploration Manager.
The Company acquired Goodyear in May 2023 through a Mineral Rights Agreement for Location 45 between title holder Franco Nevada Pty Ltd (Franco) and Lefroy’s wholly owned subsidiaries (refer to ASX release 23 May 2023). In this agreement HMT acquired all nickel, REE and lithium rights (including Goodyear) from Franco for an initial 21- year term in exchange for a minimum annual exploration expenditure of $100,000 and 4% royalty upon production.
Click here for the full ASX Release
This article includes content from Lefroy Exploration Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Stage Two Gold Proceeds Exceed $18 Million. Highest Price Achieved is $3,727 per Ounce.
Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to announce the second gold milling campaign for 2024 from the Jeffreys Find Gold Mine (the Project) has produced further cash with gold selling at the Perth Mint for an average of A$3,667 per ounce. A total of 4,973 ounces have been sold.
HIGHLIGHTS
- Gold sales for 2024 exceed $18.23 Million.
- Current campaign gold sales reach $13.77 Million.
- Highest gold price achieved is A$3,727 per ounce.
- 154,000 tonnes delivered to the Mill, haulage continuing.
- Current campaign to conclude on 4 September 2024.
- First cash of $3.0 Million to be received by Auric shortly.
Managing Director, Mark English, said: “Gold has sold at up to $3,727 per ounce during August with more to come.
“BML have delivered in excess of 154,000 tonnes to the Coolgardie mill with haulage and milling continuing. Some of that ore will be processed in another campaign later in the year. The current campaign is continuing to produce thousands of ounces of gold.
“Already we have passed $13.77 Million in gold sales for this current campaign of the year and total gold sales for 2024 passing $18.23 Million. We are in the middle of a highly successful time for the Company.
“By the middle of September, Jeffreys Find Gold Mine is expected to generate in excess of $25 Million in gross gold sales for 2024. This current campaign is due to finish in early September. Unforeseen power outages and some inclement weather have slowed the whole process down, but we are hopeful more than 130,000 tonnes of the 150,000 tonne allocation at the Mill will get utilised in this campaign.
“A further campaign is planned at the Greenfields Mill towards the end of this year.
“The mill contract is to process 300,000 tonnes in 2024 so everyone is focussed on making that happen,” said Mr English.
Photo: Jeffreys Find doré bars at Greenfields Mill.
The Greenfields Mill (Greenfields or Mill) is contracted to process up to 150,000 tonnes of ore for the current campaign through Auric’s Joint Venture partner, BML Ventures Pty Ltd of Kalgoorlie (BML). As of 25 August 2024, just over 110,000 tonnes have been processed by the Mill.
Click here for the full ASX Release
This article includes content from Auric Mining, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
IMARC 2024: Here’s What You Need to Know
Australia’s largest mining event, the International Mining and Resources Conference (IMARC), is back in 2024 for another series of technical talks, panel discussions and keynote presentations from industry leaders.
Now in its 11th year, the conference is happening from October 29 to 31, and will take place at ICC Sydney. This edition will focus on the mining sector’s net-zero goals and the efforts companies are making to achieve them.
Mining industry veterans and newcomers are welcome. As in previous years, participants will get the chance to meet and mingle, brainstorm and share knowledge with potential collaborators throughout the conference.
IMARC programming to focus on net-zero theme
Nine concurrent conferences are happening at IMARC this year, with over 370 technical talks, panel discussions and strategic keynote presentations scheduled to take place at the three day event.
Over 9,000 attendees from more than 120 countries are expected to attend, with almost half being C-level and executives. More than 500 companies will be exhibiting on the conference’s 20,000 square metre show floor.
In excess of 600 mining leaders and resource experts will be presenting on stage during this year's edition of IMARC, with speakers including Rashpal Singh Bhatti of BHP (ASX:BHP,LSE:BHP,NYSE:BHP), Dino Otranto of Fortescue (ASX:FMG,OTCQX:FSUMF) and Bradley Milne of Pilbara Minerals (ASX:PLS,OTC Pink:PILBF).
Government representatives involved in the global mining sector, such as Madeleine King, Australia’s minister for mining and resources, the Queensland Resources Council’s Janette Hewson and Suina Chahuán Kim, Brazil’s vice minister of mining, will also be participating in discussions at IMARC.
IMARC's theme this year, "Accelerating the Critical and Responsible Pathway to Net Zero," will cover various aspects of the mining value chain. Discussions will be narrowed down into seven more specific themes, namely:
- Fast-tracking the critical minerals value chain
- Operationalising the energy transition through innovation and collaboration
- Responsible mining initiatives that contribute to shared prosperity
- Leveraging technology and innovation to achieve productivity and operational excellence
- Accessing capital for project development, innovation and commercialisation
- Speeding up the project lifecycle to develop the mines of the future quicker
- Opportunities for global trade and investment
What’s new at IMARC this year?
IMARC is highlighting five additional features that are new this year for attendees.
Among these new features are two conferences — namely the inaugural Mining, Metals and the Circular Economy conference and the AROSE Mining & Space conference. They will respectively revolve around the circular economy’s role, impact and benefits for mining, and the capabilities and collaborations between mining and space.
NextGen programs will be also be available for skills training. These were created to engage young leaders and students, and provide them with a glimpse of the workforce. They are also geared at facilitating career pathways.
As for those who wish to have in-depth discussions, intimate two hour sessions are available at executive briefings. These encourage leaders and policymakers to review matters that are set to influence the industry.
Lastly, a Share and Win program was designed to keep the event exciting. Participants who promote their presence at IMARC using an automated LinkedIn post will automatically be entered to win an iPad Pro at the event.
Register for IMARC now
Don’t miss the chance to attend Australia’s biggest mining conference this year. Online pre-registration is required. Click here to register, and here for the full registration guide, along with pass and sponsorship packages.
Group discounts are also available. The next early bird offer ends on September 13. You can also follow IMARC on Facebook, Instagram and LinkedIn to stay up to date on news surrounding the conference.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
Western Australia’s DEMIRS Launches New Online System for Environmental Approvals
The Western Australia Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) is launching a new platform for state environmental approvals, the department announced on August 22.
The Resources Online platform will be a single-user portal that will provide better customer experiences and improve business processes when lodging environment applications under the Mining Act 1978 and state petroleum legislation.
“It will ultimately replace the current Environmental Assessment and Regulatory System,” DEMIRS said, adding that the portal is a key deliverable under the department’s Fast-tracking Mining Approvals program, which “aims to significantly expand and improve the digital capability of mining and petroleum environmental lodgements.”
Targeting improved assessment timeframes and efficiency, the department said it has been working closely with stakeholders to ensure that the new product meets the mining sector's needs.
An industry-wide survey was opened on February 28 to gather insights that were then used to inform the design and department processes around the system. Responses were collected until March 15.
An industry working group consisting of participants from across the resource sector was also established to ensure that a variety of requirements and perspectives were addressed.
“Our goal was to ensure applications are submitted and assessed as efficiently as possible, so it was essential we worked closely with industry,” said Tyler Sujdovic, DEMIRS' executive director, resource and environmental compliance.
“The feedback we have been receiving from the working group has been encouraging,” he continued. “It tells us we are on the right track, and we are looking forward to welcoming the group back to test the system before going live.”
Resources Online is expected to launch at the end of September. DEMIRS said it is following a phased implementation approach, and the first release will be for Programme of Works applications.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
Allup Appoints IHC Mining Consultants for McLaren PFS
Allup Silica Limited (ASX: APS) (“Allup” or “Company”) is pleased to announce it has appointed IHC Mining (IHC) to undertake a Pre- Feasibility Study( PFS) for the McLaren Mineral Sands Project in Western Australia.
Allup announced its acquisition of the advanced-stage McLaren Project earlier this month, which has an Indicated and Inferred JORC (2012) resource of 280Mt at 4.8% Heavy Mineral1 near surface. Allup is examining its potential to produce ilmenite, a key titanium mineral, which currently trades at more than US$300/t due to increasing titanium shortages. Strong ilmenite market demand expected to continue due to supply deficits and mine closures in Africa.
Whilst process optimisation of the McLaren plant will continue following the completion of test work, flow sheet development and basic engineering have already commenced. At this conceptual stage, the Company’s PFS is progressing with a focus on a medium sized, 10Mtpa spiral concentration plant, which could produce up to 400,000tpa of ilmenite in concentrate annually.
IHC has significant expertise in the design, engineering and construction of mineral sands processing plants, and has a significant laboratory, mineral processing and engineering group based in Queensland.
Its design optimisation work at McLaren will continue through the engineering and design stages.
Allup aims to deliver the PFS in Q2 2025, before moving into the Bankable Feasibility design phase.
About IHC Mining
IHC Mining, a division of Royal IHC, has more than a century of experience, providing geo-metallurgical consultancy, equipment design, and construction, aiming to enhance operational efficiency and sustainability. Its expertise covers various commodities, including mineral sands, gold, and battery minerals, with a strong emphasis on decarbonisation, tailings management, and digitalisation.Click here for the full ASX Release
This article includes content from Allup Silica Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Large Copper - Antimony System at Bulla Park
West Cobar’s (ASX:WC1) 100%-owned Bulla Park Copper Project 110km west of Cobar in New South Wales, contains a large copper – antimony system as indicated by previous drill intersections.
Highlights
- Previous diamond drilling shows broad intervals of disseminated copper - antimony mineralisation
- Previous intercepts have contained significant sulphidic copper and antimony mineralisation, such as:
- 89m at 0.30% Cu and 0.10% Sb, including 33m at 0.47% Cu and 0.15% Sb (19CA002, 176m to 265m)
- Copper grades up to 1.46% Cu (19CA002, 246m to 247m)*
- Antimony grades up to 0.5% Sb (19CA002, 246m to 247m)*
- Copper and antimony grades increase towards a broad zone of faulting targeted by recently drilled diamond hole BPD09 (assays awaited)
Mineralisation is dominantly tetrahedrite (copper - antimony sulphide) and minor chalcopyrite and stibnite (antimony sulphide). Antimony grades in previously assayed drill hole intercepts are approximately 30% to 35% of the copper grade, reflecting the theoretical composition of tetrahedrite (Cu12Sb4S13).
Recently drilled BPD09 (see ASX release of 13 August 2024) was designed to test an interpreted fault zone where higher copper – antimony grades were anticipated. The hole successfully intersected a broad zone from 120m to 338m (218m) of faulting, fracturing, disseminated copper- antimony sulphides, siderite alteration, veining and stockworks, and tectonic and hydrothermal breccias. The core samples from BPD09 are currently in a laboratory undergoing preparation. Assay results are expected to be received during September.
* See Appendix 1 for complete Cu and Sb assays for drill hole 19CA002
Antimony grades at Bulla Park follow the copper distribution. High grades of copper are found with better antimony grades. Apart from the dominant antimony mineral tetrahedrite, stibnite occurs as radiating needles in fractures and makes up about 10% of the antimony content.
Further drilling is planned to extend the major fault zone containing broad intervals of disseminated copper-antimony mineralisation.
Antimony
Antimony (Sb) is a designated critical mineral in many countries and is used in military applications, solar cells, fire retardants and as a strengthening agent in alloy production.
China supplies 56% of the global antimony production and has decided to restrict exports of antimony from 15 September 2024, claiming that its strategic reserves are too low to allow further exports. This has caused the price of antimony to increase significantly to approximately US$23,000/t as USA and European users seek to secure supply. (source: www.reuters.com)
Previous Results at Bulla Park
A characteristic of the Bulla Park deposit is consistency of copper and antimony grades over wide intervals (historical drilling intersected stratabound zones outside of the fault zone, where better grades are anticipated).
Table 1: Summary of historical assay results of copper-antimony mineralisationResults reported using 0.2%Cu cut-off
In previous drilling, both the copper and the antimony grades increase towards the newly intersected fault zone recently targeted by BPD09 (assays awaited). The nearest previously drilled historical hole to the fault zone is 19CA002, which includes 7m of 0.27%Sb and 0.71% Cu from 245m.*
Click here for the full ASX Release
This article includes content from West Cobar Metals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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